Question

Mr. Edwards deposits $4 000 in an investment account. The account earns 3.5% interest compounded annually. Mr. Edwards will not make any other deposits or withdrawals. Which is closest to the amount at the amount of money will Mr. Edwards have in the account at the end of 2 1/2 years?
A. $4,361.07
B. $4,359.24
C. $4,350.00
D.$359.24

Answer 1

Answer:

It's C

Step-by-step explanation

3.5% -> $140

140 + 140 + 70 = 350

4000 + 350 = $4350

Answer 2

The answer is C. 4,350.00